Headwater Exploration Inc. press release

HEADWATER EXPLORATION INC. ANNOUNCES QUARTERLY DIVIDEND AND MANAGEMENT UPDATE

2023-09-14

TSX - Toronto Stock Exchange · Oil · Natural Gas · Natural Gas Liquids · Canada

Canada NewsWire

CALGARY, AB , Sept. 14, 2023 /CNW/ - Headwater Exploration Inc. (the " Company " or " Headwater ") (TSX: HWX) is pleased to announce its Board of Directors has declared a quarterly cash dividend to shareholders of Cdn$0.10 per common share in alignment with the Company's return of capital strategy. This quarterly dividend will be paid on October 16, 2023 , to shareholders of record at the close of business on September 29, 2023 . These dividends are designated eligible dividends for the purposes of the Income Tax Act ( Canada ).

Headwater is pleased to announce the appointment of Ms. Georgia Little to the position Interim Vice President Finance and Chief Financial Officer. Ali Horvath , the company's current Vice President Finance and Chief Financial Officer is expected to be on maternity leave in October. Ms. Little is a Chartered Professional Accountant and she has been the Controller of Headwater since April 2020 .

Additional corporate information can be found in the Company's corporate presentation and on Headwater's website at www.headwaterexp.com .

SOURCE Headwater Exploration Inc.

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